Loop Capital analyst Chris Kapsch raised his price target on Entegris (ENTG) to $51 and kept his Buy rating. The analyst says the stock continues to perform well in spite of the "sanguine" macro backdrop and continued weakness in the semiconductor capital equipment spending trends thanks to the company's "resilient" consumables-biased portfolio and improving visibility regarding the industry's "node transitions at the leading edges". Kapsch adds that following the takeout of Entegris' rival Versum (VSM) by Merck KgA (MKGAY), its valuation may be accounting for an M&A premium.